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Mohamed
Mohamed is a 30-year-old man who lives in Saida, southern Lebanon, with his wife and their three children. Mohamed has been selling vegetables and fruits for three years. He requested a loan of 1000 US dollars from Al Majmoua in order to purchase merchandise for the winter season like onions, potatoes, garlic and fruits. This is his third cycle and he has always paid on schedule.



In the beginning, Mohamed faced some difficulties like competition, but now he has very competitive prices with a good quality of food. The loan helped him develop his business. His future plan is to expand his shop where he will be selling all different kinds of fruits.

Additional Information

About Al Majmoua – Lebanese Association for Development

The Lebanese Association for Development – Al Majmoua is Lebanon’s leading microfinance institution and the oldest Kiva partner in Lebanon. Al Majmoua’s vision is to “be the leader in creating an inclusive financial system where all people in Lebanon have access to affordable services.” Given Lebanon's diverse population, Al Majmoua lends to all nationalities, provided legal residency. The strong financial position achieved to date has allowed Al Majmoua to steadily lower its pricing over the years.


Based on the belief that non-financial services play a complementary role in improving the quality of life of the most vulnerable entrepreneurs, Al Majmoua has established a solid Business Development Services program for both borrowers and non-borrowers with a focus on women and youth.

About Lebanon

  • $5,900
    Average annual income
  • 36
    View loans »
    Lebanon Loans Fundraising
  • $14,824,400
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Mohamed mohamed will use the loan to purchase merchandise.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2008
Listed
Dec 4, 2008
Currency Exchange Loss:
N/A
Ended:
Jan 12, 2010